The Market Call - Week Ending 24th January 2025

Progressive’s Jeremy McKeown and Gareth Evans glance back at the week’s macro events and market themes and discuss the impact on investors and companies. They discuss selected UK company news and let us know what to look out for in the week ahead…

00:00 Introduction

01:02 Trump's first week back in office

04:05 The Stargate Project & the US Tech Industry

05:26 Trump & The World Economic Forum

06:14 Trump & Interest Rates/Oil Prices

07:47 UK Government Regulatory easing

10:07 UK Economic data

10:59 Progressive Client news:

• Nexus Infrastructure (NEXS)
• Watkin Jones (WJG)
• Forterra (FORT)
• Gear4music (G4M)
• Sanderson Design Group (SDG)
• Intuitive Investments (IIG)
• Beeks Financial Cloud (BKS)
• SRT Marine Systems (SRT).

12:44 Upcoming Macro News:

• Fed Rates Decision (Weds 29 Jan)
• ECB Rate Decision (Thurs 30 Jan)
• Eurozone GDP & Employment data (Thurs 30 Jan)
• US PCE inflation data (Fri 31 Jan)

14:03 Outro

About:

Gareth Evans has 25 years’ research experience covering the Technology sector. An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.